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0 sats \ 10 replies \ @Judge 25 Dec 2022 \ on: Proposal: create Private LSP (Liquidity Service Providers) for businesses bitcoin
Auto taxation calculations would also be valuable. ie capital gains tax implications for each transaction etc
immediate settlement to fiat would mitigate some of these tax implications.
So you want me to believe that all the taxes are for "our own good" and we should still pay them?
ARE YOU OUT OF YOUR FUCKING MIND?
Taxation is theft in any shape or form. PERIOD.
If you still pay taxes you are a fucking moron that deserve to be a slave.
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Speaking about Tax .... almost everything was taxed from wine, beards, dogs, etc...
here is a fantastic book
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LOL why do you have to ruin everything with "taxation"?
What have to do taxation (theft) with LN liquidity?
Geeze these statists ruin everything with their bullshit.
GTFO from your shity fiat slavery world.
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Err… I mean I’m as much of a bitcoiner as you, but the average merchant isn’t interested in destroying the state or risking fines/jail time for tax evasion. Your takedown here isn’t as helpful as the rest of your amazing work.
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You never ask yourself: If the state can print endless money, why do you still pay taxes?
For fuck sake, isn't that so obvious that taxation is theft and we have many more options to build a better world, but NOT obeying the state orders?
Who is in the end "the state"? Why we can't just live as we like without the fucking state? Why people have to be so fucking SLAVES and statists?
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I’m not saying I disagree with you, but that doesn’t mean a merchant is going to sympathise; 9 times out of 10 they’re going to ask what to do about tax. If they run 100% on bitcoin and remain in business, the state is going to come and ask for its cut. It’s a fair question to ask. It doesn’t merit a childish response.
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But what have to do this whole thing of liquidity with taxes?
Why we can't talk about many things WITHOUT bring up all this shit?
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Why can't life be simple? I hear you.
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I agree with you in spirit. But the reality I have faced with trying to onboard retail stores onto lightning/bitcoin payments is that they don't want to implement it because of the tax reporting burden.
these are multi million dollar franchises that don't want to risk a cavity search by the tax authorities over fast food lightning payments by 1% of their customers, if that.
making the tax issue easy for them to understand and report for each transaction is a significant opportunity out there for someone to simplify for these end user retailers (and it's not even that hard, the formulas are out there).
I understand if that's not your interest, its a terrible compromise of many libertarian ethics, just know it's a real issue faced by the normie retail store fronts who see it as a barrier to implementing Bitcoin/Lightning acceptance in their store fronts.
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Exactly. The illusion of free and open society is just that at this stage. If we want others to start using Bitcoin and potentially our kids be free of slavery, the change needs to be gradual.
Businesses pay taxes (whether it is fair or not, is a different discussion), so if accepting Bitcoin makes it harder for them, it will be their main issue. which cannot be dismissed
If very small amount of customers use Bitcoin to pay for their services, it will also be a problem for them and we need to do a good job explaining why it does not matter at this stage and they still should make the jump.
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